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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 403,067 $ 428,191 $ 1,244,144 $ 1,322,531
Cost of sales 314,131 345,448 974,817 1,077,070
Gross margin 88,936 82,743 269,327 245,461
Selling, general, and administrative expense 38,806 38,958 118,053 122,666
Research and development expense 6,322 7,430 21,098 22,096
Restructuring expense (income) 1,077 484 3,194 1,560
Other—net 6,211 6,774 18,178 18,575
Operating profit 36,520 29,097 108,804 80,564
Other non-operating (income)—net (685) (1,175) (2,141) (3,512)
Interest expense—net 7,678 5,888 22,820 14,325
Income before income taxes 29,527 24,384 88,125 69,751
Income tax expense 2,963 4,432 11,891 12,525
Net income $ 26,564 $ 19,952 $ 76,234 $ 57,226
Basic earnings per share:        
Net income per share of common stock (in dollars per share) $ 1.29 $ 0.97 $ 3.70 $ 2.79
Diluted earnings per share:        
Net income per share of common stock (in dollars per share) $ 1.27 $ 0.96 $ 3.65 $ 2.76
Weighted-average number of shares of common stock outstanding:        
Basic (in shares) 20,640 20,526 20,611 20,502
Diluted (in shares) 20,905 20,780 20,891 20,756